Thread: Sold out by IFR
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Old February 7th 04, 08:58 AM
Tom Sixkiller
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"Peter" wrote in message
news:Co%Ub.109492$U%5.567596@attbi_s03...
Tom Sixkiller wrote:

"Peter" wrote in message
news:6_YUb.234289$I06.2628540@attbi_s01...

John wrote:


"Dennis O'Connor" wrote in message


...

John it sounds to me like you will be happy whichever big party

controls

the

oval orifice becasue they both intend to spend their way to

relection...
denny


I always thought that neither governments nor families should go into
debt or live beyond their means. It is disappointing that neither
party is focused on managing the debt, as this will create much bigger
problems in the future.

Neither party may be sufficiently focused on it, but there's been a
substantial difference between Republican and Democratic administrations


in

this regard. Since WWII, Republican presidents have been in office for

31
years and during their terms the national debt has increased an average

of
9.1% per year; Democrats have been in office 27 years and the debt has
grown at a much smaller 3.7% per year during their terms. There's a

huge
difference between a growth rate of under 4% compared to over 9%.


The DEFICIT took it's biggest LEAP under the democrats and their

baseline
budget process during the Nixon years (so they could maintain control of

the
purse strings).


Factually totally untrue. Under Nixon the growth of the national debt
averaged only 5% - true, this was an increase over Johnson's average of

3%,
but it was very small compared to later Republican administrations.
Reagan's average of 14% per year over eight years was the greatest
contribution.


Take a look at program by program spending under Reagan (six of eight yers
under Democratic Congress, especially where "Reagan cuts" led to such
"misery". Recall where the Dem's said they would cut spending 2-1 for tax
increases...the tax inscreases came, but he speninding custs didn't.


And while Reagan kept publicly supporting a balanced budget
amendment, the budgets he submitted to Congress contained huge and
increasing deficits.


The one's Reagan proposed were close to balanced, but CONGRESS used the
rising economy in later years to go on a spending binge...just like the
90's...$30 billion for :midnight basketball"...

Yes, Congress passes appropriations bills, but the reality during recent
history has been that the budget submitted by the president shapes the
debate


The presidents proposal us typically a very small fraction fo total
spending.

and the final totals are seldom far from those sent over from the
executive branch although there are frequently considerable changes in
individual projects and departments. During Reagan's terms (when the debt
growth rate was highest), Congress passed appropriations bills that were
very slightly smaller overall (by about $29B over 8 years) than had been
requested in the president's budget proposals although the actual spending
was higher due to economic conditions not being as good as forecast by the
administration.

Both major parties love to increase spending, albeit in slightly different
directions.


True enough...each has their pet projects, but for the most part Republican
spending is _sorta_ tied to functions granted by the Consitution (defense).
By and large, "Compassionate Conservativeism" had it's genesis under Nixon.

But the impact on the deficit has been greatest under
Republican administrations.


Let's see: FDR's fiasco, Johnson's "Great Society", Carter's complete FUBAR,
Clintons' FCC running the telecom's into the ground and kicking off the
market burst from 1998 (Greenspan was much to blame, but Clinton's tax hike
made it damn difficult to recoup losses) and the start of the collapse in
early 2000.

As said earlier, Republicans are NOT the answer, but the vast majority of
spending is now redistribution of wealth and much of it by Repub's in on
programs the Dems; created and made permanent.

BTW: Reagan's defense buildup peaked at 29% of the budget, which was 22% of
GNP), but in 1959, defense was 50% of the budget which was 10% of GNP (5%
for defense).

Today, the military budget is 19% of the budget ($480B of $2.4T), and HHS
redistribution is 60% of the budget.

IOW, you could give every family in poverty something like $60,000.

Dept of Agriculture has more employees than Immigration and something like
ten times as many as the Border Patrol...

It's truly a sick situation...but every dime is spent by people ELECTED by
your friends and neighbors.


--
"The road to hell is paved with good intentions".



Spending has seldom, if ever, been tied to revenue, especially since
baseline budgeting.